The director's $5.53M buy is a positive signal, but the CEO's simultaneous $5.1M sale neutralizes it. Watch for additional insider filings over the next 10 trading days — if more directors buy or the CEO does not repurchase, the buy signal weakens. The next quarterly earnings release will be the key catalyst to confirm or refute the director's bullish thesis.
Price Chart
Executive Summary
Director John T. Raymond made a conviction open-market purchase of 326,626 NGL shares for $5.53M over three days (Aug 21-25), including a $5.09M block on Aug 25. This is the largest insider buy at NGL in the past 30 days and occurs on the same day the CEO sold $5.1M worth of stock, creating a mixed signal. The director's purchase represents ~0.25% of NGL's $2.2B market cap, a modest but notable commitment.
Key Financial Metrics
Key Facts
- Director John T. Raymond purchased 326,626 shares total for $5.53M across three open-market transactions (Aug 21, 24, 25)
- The largest single purchase was 300,000 shares at $16.98 for $5.09M on Aug 25
- CEO H. Michael Krimbill sold 300,000 shares at $17.00 for $5.1M on the same day (Aug 25)
- Total insider buy value ($5.53M) is ~0.25% of NGL's $2.2B market cap
- Analyst consensus is 67% bullish (4 Buy, 2 Hold, 0 Sell)
- Institutional 13F shows top holders Invesco ($312M), Morgan Stanley ($162M), Goldman Sachs ($136M) with 6 trims and 7 doubled positions in Q2 2026
Financial Impact
Director purchased $5.53M of NGL stock (0.25% of market cap); CEO sold $5.1M on same day
Risk Factors
- CEO sold $5.1M on the same day as the director's largest buy, creating conflicting insider signals
- Director purchases at ~0.25% of market cap are modest — not a high-conviction signal by itself
- No recent 8-K or material event filed to explain the insider activity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001186173-26-000004 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | Insider Cluster | $18.02 $14.88 | ▼ −17.43% | ▼ −17.68% | $16.29 (−9.60%) |
Aug 26, 2026 5w ago | Insider Cluster | $17.52 $15.35 | ▼ −12.39% | ▼ −11.88% | $16.29 (−7.02%) |
Aug 26, 2026 5w ago | Insider Cluster | $17.52 $15.35 | ▼ −12.39% | ▼ −11.88% | $16.29 (−7.02%) |
Aug 26, 2026 5w ago | Insider Buy | $17.52 $15.35 | ▼ −12.39% | ▼ −11.88% | $16.29 (−7.02%) |
Aug 25, 2026 5w ago | Insider Buy | $17.51 $15.94 | ▼ −8.97% | ▼ −9.94% | $16.29 (−6.97%) |
Aug 25, 2026 5w ago | 144 | $17.51 $15.94 | ▲ +8.97% | ▲ +9.94% | $16.29 (+6.97%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access